Axalta Coating Systems (AXTA) Misses Q2 EPS by 4c, Offers Guidance

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Go back to Axalta Coating Systems (AXTA) Misses Q2 EPS by 4c, Offers Guidance

Axalta Releases Second Quarter 2020 Results

July 29, 2020 7:00 AM EDT

PHILADELPHIA, July 29, 2020 /PRNewswire/ --

Second Quarter 2020 Highlights:

Notable monthly sequential net sales recovery; June 2020 net sales 82% higher than April 2020 ~$1.5 billion in total liquidity available at June 30, 2020 Net sales of $652.7 million decreased 43.6% year-over-year (decreased 39.7% ex-FX and M&A impacts); June 2020 net sales recovered to down ~24%, ex-FX, versus June 2019 Loss from operations of... More